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Financial Aid Office

Alternative Loans

Private education loans not guaranteed by federal funds are commonly called “alternative loans” and have different eligibility criteria determined by the individual lenders. We recommend that parents and students consider these programs after Stafford and PLUS loan options have been explored. Some characteristics of alternative loans include:

Our list of alternative loan lenders has been researched carefully and compiled based on interest rates, originations fees, Satisfactory Academic Progress requirements, payment of prior balance options, repayment terms and options, enrollment options, as well as other factors. The information that is provided in this list will be updated for the 2012-2013 academic year and then reviewed every two years to give the best possible alternative loan options to our students. There is no obligation for students to use the lenders listed and may apply for an alternative loan with any lender they choose. The list is available as a tool for students to start their search and a way to compare different alternative loan options.